Thread regarding Wells Fargo & Co. layoffs

Lowest Producer Rating Policy - Unbelievable!!

Management has communicated that the individual with the lowest production on each team, regardless of whether they meet the defined quota, will receive an “Inconsistently Meets Expectations” rating during their next performance evaluation.


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| 2011 views | | 16 replies (last October 26) | Reply
Post ID: @OP+1k861sjjh

16 replies (most recent on top)

@a3 this is exactly how the credit card fraud scandal and ppl signing folks up for cr-p they did not ask for hapnd. Nice. Run those numbers up no matter what it takes, even if it requires breaking the law and several layers of management turning a blind eye because of ridiculous internal pressure and sales goals that cannot realistically cannot be met. Quality work does not always equal astronomically high numbers.

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Post ID: @wb+1k861sjjh

@b0 I think you've misunderstood the purpose of this board entirely

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Post ID: @c4+1k861sjjh

@a7 "good busineses" do this

Are you claiming this company is "good" ???

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Post ID: @b6+1k861sjjh

@b4 - You mean Only Hire Indians Often ?

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Post ID: @b5+1k861sjjh

@a7 Good businesses retain talent based on performance, not location strategy. Just ask OHIO

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Post ID: @b4+1k861sjjh

...and by "work with it", you mean fire someone for, what exactly? Meeting the standard on a high performing team? Sounds pretty 'intelligent' alright. Hudson Yards can't wait to fire you. Keep that in mind.

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Post ID: @b1+1k861sjjh

The unintelligent fight the tide, the intelligent figure out how to make it work for them or, at a minimum, work with it.

Why is this such a hard concept for those that seem to complain the loudest here?

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Post ID: @b0+1k861sjjh

Lies.

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Post ID: @ax+1k861sjjh

Stack ranking has been repeatedly demonstrated to be ineffective and to foster toxic working environments. Companies that base their executive decision making on data and not just vibes abandoned the practice decades ago. Unfortunately Wells Fargo's management culture is medieval at best

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Post ID: @ac+1k861sjjh

Not all jobs are production oriented.

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Post ID: @a8+1k861sjjh

Good businesses are constantly replacing the bottom 20% of their workforce. Sounds like we've found one of the 20%.

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Post ID: @a7+1k861sjjh

Sh-t will be produced then. Good Day

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Post ID: @a6+1k861sjjh

sabotage time!

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Post ID: @a5+1k861sjjh

How many pieces of flair is enough?

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Post ID: @a4+1k861sjjh

So then—I don’t know—maybe produce more?

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Post ID: @a3+1k861sjjh

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